Tata Consumers(+2%),M&M(-3%) and more
Tata Consumers(+2%),M&M(-3%) and more
Tribe Daily
Market Summary
Market closes at the day’s low following a sharp fall in the last hour.
Companies
Adani Enterprise (+2%) rose after SEBI approved the Adani Group's open offer to buy a majority stake in NDTV. Tata Motors (-3%) plunged after JLR CEO resigned.
Sectors
Nifty Auto (-2%) plunged due to the bad performance of Eicher Motors, Maruti Suzuki, and M&M.
News of The Day
1.Timken India Limited (+20%) rose after the company announced the setting up of a new manufacturing facility in Bharuch( Gujarat). ( Economic Times)
2.Paytm (-10%) plunged after SoftBank sold a 4.5% stake in the company. (Economic Times)
3. Rail Vikas Nigam (-4%) plunged after traders booked profits. (Economic Times)
4.Fairfax India Holdings Ltd is considering an IPO for Bangalore International Airport.The company is planning to raise between Rs 30 Billion to Rs 40 Billion.(Economic Times)
5. R Systems International Limited (+14%) rose after Blackstone acquired a majority stake in the company for Rs 2904 cr.(Economic Times)
Market Sentiment
Expert of The Day
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$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
India needs strategy to cope with failing exports. ( Source: Economic Times)
India’s inflation easing slowly and steadily.( Source: Economic Times)
RBI ropes in banks for beta-testing the digipee for retail transactions.(Source: Economic Times)
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